Trade #1 of this month
Yes MA200 EMA50 MA21 are all going downtrend but I think this is a near-term bottom. Entry around this level with a small position with first target at $44 and second target at $49.5 for the next two weeks timeframe and reduce position at $36.5/$32
Risk-return ratio at 1.2 - It's not a lucrative ratio if you are an aggressive type trader but it shall be a relatively safe starting position since anything logical or illogical could happen in a split second during this high volatile time.
Yes MA200 EMA50 MA21 are all going downtrend but I think this is a near-term bottom. Entry around this level with a small position with first target at $44 and second target at $49.5 for the next two weeks timeframe and reduce position at $36.5/$32
Risk-return ratio at 1.2 - It's not a lucrative ratio if you are an aggressive type trader but it shall be a relatively safe starting position since anything logical or illogical could happen in a split second during this high volatile time.
Trade closed: target reached:
The first and second targets have been met within the time horizon of 3 months - closed all position at $50